The report "Mold Release Agents Market by Product Type (Water-Based, Solvent-Based), Application (Die-Casting, Rubber Molding, Plastic Molding, PU Molding, Concrete, Wood Composite & Panel Pressing, Composite Molding), and Region - Global Forecast to 2024" The mold release agents market is projected to reach USD 2.5 billion by 2024, at a CAGR of 6.0% from USD 1.8 billion in 2019.
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Browse 105 market data Tables and 38 Figures spread through 142 Pages and in-depth TOC on "Mold Release Agents Market by Product Type (Water-Based, Solvent-Based), Application (Die-Casting, Rubber Molding, Plastic Molding, PU Molding, Concrete, Wood Composite & Panel Pressing, Composite Molding), and Region - Global Forecast to 2024"
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Water-based product type is the largest segment of the mold release agents market.
The water-based mold release agent product type segment is estimated to lead the market, in terms of value, in 2019. The demand for water-based mold release agents is growing, because the absence of volatile organic compounds (VOCs) and other harmful chemicals makes them friendlier to the environment and omits risks in terms of health and safety when compared to solvent-based mold release agents.
Polyurethane (PU) molding application is estimated to be the largest segment of the mold release agents market during the forecast period.
The PU molding application is estimated to be the largest segment of the mold release agents market, in terms of value, during the forecast period. The growing use of PU in applications such as furniture, bedding, automotive interiors, carpet underlay, construction, and packaging among others have driven its demand which in turn drives the demand for mold release agents in their molding process.
APAC is estimated to be the largest market for mold release agents during the forecast period.
APAC is the largest mold release agents market and is expected to continue dominating the global market during the forecast period. The market is largely driven by increased investments in the manufacturing industries. Improving living standard has been driving the growth of the automotive as well as the construction industries, which is expected to drive the mold release agents market.
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The key market players profiled in the report include as Henkel AG & Co. KGaA (Germany), Croda International Plc (UK), Chem-Trend L.P. (US), Marbocote Limited (UK), Shin-Etsu Chemical Co., Ltd. (Japan), LANXESS Group (Germany), Michelman, Inc. (US), McGee Industries, Inc. (US), Daikin Industries Ltd. (Japan), Miller-Stephenson, Inc. (US), LORD Corporation (US), and TAG Chemicals GmbH (Germany).
Don’t miss out on business opportunities in Mold Release Agents Market. Speak to our analyst and gain crucial industry insights that will help your business grow.Recent DevelopmentsIn January 2018, Michelman, Inc. opened Michelman Sustainability Center (MSC) in China. The new China-based center is part of Michelman’s aggressive growth plan in the APAC region.In October 2018, Shin-estsu Chemical Co., Ltd. expanded its production capacity by investing USD 990 million in its silicone business in Japan and globally. This expansion helped the company to strengthen its product range from silicone monomer to end products.In September 2018, Croda International Plc opened its new Innovation & Customer Experience Centre and Speciality Polymer Plant at its manufacturing site in Campinas (São Paulo State), Brazil. This expansion has strengthened Croda’s R&D in the region to include their Performance Technologies sector, and its Coatings & Polymers, Polymer Additives, Home Care & Water, and Lubricants divisions.In October 2017, Chem-Trend L.P. launched a water-based, silicone-free mold release agent, Zyvax 1070W used for molding composite materials for aerospace.